Securities Commission of New Zealand

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The Securities Commission is New Zealand's main regulator of investments. It is a statutory corporation that operates under the Securities Act 1978. It’s aim is to "strengthen investor confidence and foster capital investment in New Zealand by promoting the efficiency, the integrity, and cost effective regulation of our securities markets."[1]


It is made up of between 5 and 10 members appointed by the Governor-General of New Zealand on the recommendation of the Minister of Commerce. Members hold office for up to five years, but can be reappointed. There are no statutory qualifications for membership, but at least one member must be a barrister or solicitor of with at least seven years' practice. Members are chosen for their knowledge or experience of industry, commerce, economics, law, accountancy, public administration or securities.


People

Current[2] Members of the Commission include:

Jane Diplock, Chairman of the Commission (03 September 2001 - present[3])[4]: Prior to this she was New South Wales’ Regional Commissioner for the Australian regulator ASIC. She has also been Chairman of the Executive Committee of IOSCO, the international organisation of security regulators, for over 4 years. Between 1988 and 1993, she was a senior executive with Westpac Banking Corporation.[5]
Annabel Cotton, Board Member (2002[6] - present[7]): Cotton is a business consultant for (unnamed) ‘companies listed in New Zealand and overseas’. She is a director of financial investment company Kingfish Limited and its two subsidiaries Marlin Global Limited and Barramundi Limited.[8][9]
Keitha Dunstan, Board Member(July 2003[10] - present[11]): Dunstan is research Professor School of Accounting and Commercial Law, Victoria University of Wellington.[12]
Elizabeth Hickey, Board Member (July 2008[13] - present[14]): Hickey is a Chartered Accountant.[15]
John Holland, Board Member (01 January 2007[16] - present[17]): Holland is a corporate lawyer at Chapman Tripp, a large New Zealand law firm, He specialises in securities, competition law and mergers and acquisitions.[18]
David Jackson, Board Member (June 2005[19] - present[20]): Jackson is a chartered accountant and company director. A former Senior Audit Partner with Ernst & Young, he is now director of four (non-financial) companies.[21]
Neville O. Todd, Board Member (June 2005[22] - present[23]): Todd is Managing Director of property funds management group Kinloch Funds Management Limited and a director of its subsidiary companies.[24] He is a former executive director of Milford Asset Management, a former member of the New Zealand Stock Exchange and was also managing director of Salomon Smith Barney in New Zealand, providing stock broking and investment banking services to New Zealand institutions and companies.[25]


Former[26] Members of the Commission include:

Colin Beyer, Member of the Commission (February 2001[27] - February 2010[28]): Beyer is a solicitor. He is a Consultant to law firm Simpson Grierson in Wellington – one of New Zealand's leading commercial law firms.[29] He is a former Chairman of investment firm Capital Properties New Zealand, and investment company Tower Corporation, among others.[30]
Mai Chen, Member of the Commission (July 2003[31] - October 2009[32]): Chen is the founding partner of law firm Chen Palmer. From 2001 to 2004 she was a member of the Advisory Board of AMP Life Limited, part of the AMP banking group.[33] She has advised many of the biggest corporate organisations in New Zealand and Australia, including the following banking and insurance groups: Southern Cross, Citibank, AMP, QBE Insurance Ltd, UBS Warburg.[34]
Cathy Quinn (February 2001[35] - December 2009[36]): Quinn is a lawyer with Minter Ellison Rudd Watts specialising in corporate, securities and competition law.[37]


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Resources

Notes

  1. ↑ Securities Commission of New Zealand, Who we are, accessed 31 March 2010.
  2. ↑ 31 March 2010.
  3. ↑ 31 March 2010.
  4. ↑ Securities Commission of New Zealand, Who we are, accessed 31 March 2010.
  5. ↑ CEW, Diplock AO, Jane AO, accessed 31 March 2010.
  6. ↑ Securities Commission of New Zealand, 2002 Annual Report, Members of the Commission, accessed 31 March 2010.
  7. ↑ 31 March 2010.
  8. ↑ Securities Commission of New Zealand, Who we are, accessed 31 March 2010.
  9. ↑ Kingfish Limited, The Board: Annabel Cotton, accessed 31 March 2010.
  10. ↑ Securities Commission of New Zealand, Keitha Dunstan, Mai Chen new appointments, 07 July 2003, accessed 31 March 2010.
  11. ↑ 31 March 2010.
  12. ↑ Securities Commission of New Zealand, Who we are, accessed 31 March 2010.
  13. ↑ Securities Commission of New Zealand, Appointment to the Securities Commission, News Release 31 July 2008, accessed 31 March 2010.
  14. ↑ 31 March 2010.
  15. ↑ Securities Commission of New Zealand, Who we are, accessed 31 March 2010.
  16. ↑ Securities Commission of New Zealand, 2007 Annual Report, Members of the Commission, accessed 31 March 2010.
  17. ↑ 31 March 2010.
  18. ↑ Securities Commission of New Zealand, Who we are, accessed 31 March 2010.
  19. ↑ Securities Commission of New Zealand, 2006 Annual Report, Members of the Commission, accessed 31 March 2010.
  20. ↑ 31 March 2010.
  21. ↑ Securities Commission of New Zealand, Who we are, accessed 31 March 2010.
  22. ↑ Securities Commission of New Zealand, 2005 Annual Report, Members of the Commission, accessed 31 March 2010.
  23. ↑ 31 March 2010.
  24. ↑ Securities Commission of New Zealand, Who we are, accessed 31 March 2010.
  25. ↑ Securities Commission of New Zealand, New Commission Members, The Bulletin, July 2005, accessed 31 March 2010.
  26. ↑ 31 March 2010.
  27. ↑ Securities Commission of New Zealand, Securities Commission Appointments, News Release 22 February 2001, accessed 31 March 2010.
  28. ↑ Securities Commission of New Zealand, Commissioner for Financial Advisers, Securities Commission members announced, News Release 21 September 2009, accessed 31 March 2010.
  29. ↑ Securities Commission of New Zealand, 2007 Annual Report, Members of the Commission, accessed 31 March 2010.
  30. ↑ Institute of Directors in New Zealand Inc, Colin Andrew Neilsen Beyer, accessed 31 March 2010.
  31. ↑ Securities Commission of New Zealand, Keitha Dunstan, Mai Chen new appointments, 07 July 2003, accessed 31 March 2010.
  32. ↑ Securities Commission of New Zealand, Commissioner for Financial Advisers, Securities Commission members announced, News Release 21 September 2009, accessed 31 March 2010.
  33. ↑ Securities Commission of New Zealand, 2007 Annual Report, Members of the Commission, accessed 31 March 2010.
  34. ↑ Chen Palm, Mai Chen, accessed 31 March 2010.
  35. ↑ Securities Commission of New Zealand, Securities Commission Appointments, News Release 22 February 2001, accessed 31 March 2010.
  36. ↑ Securities Commission of New Zealand, Securities Commission appointment, News Release 14 December 2009, accessed 31 March 2010.
  37. ↑ Securities Commission of New Zealand, Who we are, accessed 31 March 2010.
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